decentralized

From high-profile art collecting funds to ambitious artist collectives, the world is abuzz with talk of decentralized autonomous organizations—or member-owned communities made possible by blockchain technology. For the uninitiated, a DAO is exactly what it sounds like: a group of people operating in service of a common goal without a centralized authority, such as a CEO in a traditional corporation.

These people can be based around the world and meet up to chat on platforms like Discord; it might be a handful of individuals or thousands.…